GUARDIAN: With Working Americans’ Survival at Stake, the US is Bailing out the Richest
Without significant oversight, Congress’s economic relief bill will leave millions of everyday Americans in financial peril.
DALLAS EXAMINER: Trump’s SNAP Cuts Hurt Most Vulnerable – and the Economy
At a time when so many Americans are left wondering how long they can stay afloat without any income, the last thing we should be doing is cutting crucial safety net programs.
SF BIZ TIMES: Congress Approved Hundreds of Billions for Small Business Coronavirus Relief. Now Private Equity Wants In
How much should private equity benefit from congressional stimulus dollars? Groups are battling over the answer.
CNN: Billionaires are Failing Us When We Need Them Most
As the people who benefited the most from a decade of economic growth, the hundreds of billionaires in America are in a unique position to do a great deal of good at a pivotal moment. But so far, they’re failing to do so.
BLOOMBERG: Problem-Solving Billionaires Can’t Solve Every American Problem
As Americans adapt to shuttered schools, restaurants and offices, the coronavirus pandemic is exposing shortcomings in the U.S. social-safety net and a system that relies heavily on philanthropists to fill the gaps.
NEWSDAY: Reader letters for Tuesday, March 10, 2020.
‘Patriotic Millionaires’ is truly patriotic. How refreshing it was to read Morris Pearl’s op-ed on taxing the wealthy.
NY DAILY NEWS: N.Y.’s Duty to Attack the Wealth Gap
New York has a wealth problem. Despite being one of the richest states in the country, the gap between our wealthiest and poorest residents is the widest it’s ever been and the worst in the United States.
GUARDIAN: If Jeff Bezos Really Wants to Fight the Climate Crisis, He Should Just Pay His Taxes
Wildfires are ravaging California and Australia – and local fire departments are alarmingly underfunded and underprepared.
NEWSDAY: Taxing NY’s Rich More? Why Not?
A recent poll found that a decisive 92 percent think it’s a good idea to raise taxes on the wealthiest among us. As a wealthy New Yorker, I am a part of that 92 percent. And luckily, New York now has an opportunity to get it done.
SALT LAKE TRIBUNE: We Can Agree on the Fact that it’s Time to Tax the Rich
As we continue to debate what direction is right for our country, it’s worth noting that both sides of the ideological divide ultimately agree on one important issue: taxing the rich in a fair and equitable manner. But it wasn’t always this way.
THE HILL: Tax Cuts Won’t Stop the Coronavirus, Well-funded Public Health Services Will
The Trump administration publicly floated the idea of new tax cuts to try and keep the economy afloat amid investor concerns. Speaking as an investor myself, this is a foolish idea at best. At worst, it’s a dangerous handout to the wealthy at the direct expense of our country’s public health.
VICE: Ask a Rich Person: The Millionaire Mega-Donor
At least one member of the 1 percent admits it’s wrong his money gives him political access.
CHEDDAR: Mike Bloomberg, Bernie Sanders Spar over Socialism at Democratic Debate
Michael Bloomberg took fire from just about every other candidate on stage at the Democratic debate last night. The former New York City mayor earning boo’s from the other candidates and the audience when he said Bernie Sanders economic platform would get President Trump elected for a second term. Stephen Prince, Vice Chair of the Patriotic Millionaires, joined Cheddar to discuss the candidates economic plans differ.
BALTIMORE SUN: Rich Should Pay Their Fair Share of Taxes
The carried interest loophole allows private equity fund managers, some of the richest people in the world who typically earn millions of dollars a year, to cut their tax rate nearly in half. Thanks to this loophole, they end up paying a lower tax rate than their secretaries and the janitors who clean their offices.
HARVARD BUSINESS REVIEW: What Role Should a Family Business Play in Its Community?
A conversation to have with your family and other stakeholders.
BLOOMBERG TAX: Millionaires Group Eyes Corporate Tax Fairness, Too (Podcast)
Patriotic Millionaires isn’t just about advocating higher taxes for the wealthy, as Chair Morris Pearl discussed in a recent Talking Tax episode. The group also thinks fairness requires multinational companies to pay tax in the countries where their sales revenue comes from, and they should disclose how much tax they pay in each country.
BLOOMBERG TAX: Millionaires Group Eyes Corporate Tax Fairness, Too (Podcast)
Originally aired on Bloomberg Tax on January 31, 2020. Patriotic Millionaires isn’t just about advocating higher taxes for the wealthy, as Chair Morris Pearl discussed in a recent Talking Tax episode. The group also thinks fairness requires multinational companies to pay tax in the countries where their sales revenue comes from, and they should disclose how much tax they pay in each country. In this … Continue reading BLOOMBERG TAX: Millionaires Group Eyes Corporate Tax Fairness, Too (Podcast)
NEWSWEEK: I’m a Millionaire and I Want the Government to Tax Me More—That’s the Only Way We Can Beat Climate Change
With all due gratitude to charities and fundraisers, scientists overwhelmingly agree that only massive, fully-funded government action can stop this devastation. Even Bill Gates says so.
BLOOMBERG TAX: Patriotic Millionaires ‘Move Needle’ on Taxing Rich (Podcast)
Pearl, who made his wealth initially at BlackRock Inc., talks with Bloomberg Tax’s Amanda Iacone about the wealth tax proposals, legislation to tax investment income at the same rate as earned income, the “ridiculous” carried interest tax benefit for fund managers, and more.
VARIETY: Wealthy Celebrities Call For Higher Taxes in Open Letter From World Economic Forum
A group of wealthy celebrities and business people have signed an open letter calling on fellow billionaires and millionaires around the globe to support tax increases in an effort to alleviate growing economic disparity.